The Bashkir industrial holding acquired the world’s largest anthracite producer, Sibanthracite.
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The Bashkir Industrial Holding company acquired Sibanthracite. The buyer’s owners are unknown to the market, and its financial position, judging by the available data, is characterized by losses. However, this did not prevent BPH from acquiring the asset, which in 2021 was worth $1 billion.
The Bashkir Industrial Holding (BPH) company acquired Sibanthracite, which is the world’s largest producer and exporter of anthracite. About this on November 15 reported coal company.
The statement said that BPH acts as a long-term strategic investor. The leadership of the coal company has been transferred to the previous team of top managers headed by General Director Sergei Melnikov.
The shareholders of the ELSI company decided to sell the enterprises of the Siberian division to the investor Bashkir Industrial Holding LLC in order to concentrate all resources on the development of the Elga coal complex, the sellers said in a statement. The sale of Sibanthracite will increase the throughput capacity of the Pacific Railway from 30 million to 50 million tons of coal per year and increase the transshipment capacity of the Elga port to 50 million tons per year. Elsie will focus on developing the mining and processing of high-quality premium coking Elga coal.
“As a result of the decision made, the level of production at the field will reach 50 million tons per year. Such intensive development requires colossal resources and capacity, in connection with this, a decision was made to sell Siberian assets,” ELSI reported.
BPH Company unknown to the market. According to SPARK-Interfax, the owners of BPH are Oleg Polyakov (71%), Vanik Vanunts (20%) and Alla Zotova (9%). All shares are pledged to Mosoblbank under an agreement dated November 10, 2023. The company, according to SPARK-Interfax, never had a profit, and ended last year with a loss of 10 million rubles. However, this did not stop her from acquiring 99.99% of AP Development LLC on November 14 (0.010% is registered in the name of Mr. Vanunts). AP Development consolidates the assets of Sibanthracite.
The Sibanthracite Group is the world’s largest producer and exporter of high-quality Ultra High Grade anthracite, as well as other metallurgical coals and PCI. In 2022, production amounted to 24.55 million tons.
The group includes the leading coal companies of the Novosibirsk region – JSC Razrez Kolyvansky and LLC Razrez Vostochny (anthracite producers), large coal producers in the Kemerovo region LLC Razrez Kiyzassky LLC, LLC Razrez Verkhneteshsky. In 2023, licenses were acquired for two more sites in Kuzbass – Open-pit mine Kuznetsky Yuzhny LLC and Open-pit mine Malinovsky.
“Sibanthracite” was sold structures of Albert Avdolyan in 2021. The cost of the transaction was $1 billion. At that time, Mr. Avdolyan (70%) and Maxim Barsky (30%) became the owners of the coal company. Then Albert Avdolyan bought out Maxim Barsky’s share, and Sergey Adonyev (31.67%) and Alexander Isaev (31.66%) became partners in Sibanthracite. Albert Avdolyan still has 36.67%. After the imposition of US sanctions, Sergei Adonyev left the project, and Alexander Isaev and Albert Avdolyan divided the shares by 50%.
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